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Q.
The interest on Rs.750 for 2yrs is the same as the True Discount on Rs.960 due 2yrs hence . If the rate of interest is same in both cases,it is:
A.
12%
B.
14%
C.
0.15
D.
16
View Answer
Correct choice: B
Explanation:
S.I on Rs.750= T.D on Rs. 960 This means P.W of Rs. 960 due 2 years hence is Rs.750 Therefore , T.D= Rs. (960 - 750) = Rs. 210 Thus, S.I on Rs. 750 for 2 years is Rs. 210 Rate =[ (100 x 210) / (750 x 2) ] % = 14%
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